Most other chief ministers, many far more stable politically than Naidu, have instead been content to play their old political games. But this state of affairs can hardly continue for long. The rate of return on the assets of state electricity boards is pathetic. Foregone agricultural taxes have been estimated at over Rs5,000 crore at current prices. If the state electricity boards and state transport corporations earned a decent rate of return, the pressure on state finances would be vastly reduced. These are all well-known facts, and yet, apart from trying to entice foreign investors with tax sops, politicians have done little. In particular, they have generally taken care to steer clear of structural reform. What does Naidu have that the others haven't? Basically, vision. The AP chief minister has also been trying to sell his reforms to the people, with schemes such as involving the educated unemployed in overseeing the construction of public works. All this shows that if the will exists, good governance at the state level can easily neutralise political gridlock at the centre.